Investment Tax Credit

Take a shine to next year’s taxes

If you’re looking for another reason to go solar, how about a tidy savings come tax time? If you install a solar energy system before the end of 2019, you’ll receive an investment tax credit (ITC) that allows you to deduct 30% of the cost of your system from your federal taxes. After 2019, this credit drops to 26%. Still pretty good, but if you’re waiting for the perfect time to upgrade to solar, the time is seriously now.

A small caveat. The ITC is available only to those who own their solar energy system, a good reason to consider buying your system rather than leasing it.

New solar customers have saved an average of $9,000 thanks to the ITC. We’re not ones to tell you how to spend your money, but that’s a nice wad of cash to invest in a new deck with pleasing views of your sleek new solar panels, so you can admire your investment while raising a glass to your friends at the IRS.

 

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